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May 25, 2012
Mark Clayton: Is Hillary's State Dept. hacking Al Qaeda? Not quite
Erika Bolstad: Temple cancels Wasserman Schultz speech
The Kosher Gourmet by Ethel G. Hofman: The former president of the International Association of Culinary Professionals, whose members included the likes of Julia Child, is back with contemporary Shavous cuisine: Ruby Fruit Soup, Sweet Noodle Kugel with Cheese, Key Lime Curd, Calsone Casserole Frittata with Wild Mushrooms, Sun-dried tomatoes and Olives, Baked Tilapia with Pepper Cheese Cream and Brown Sugar Shortbread
May 24, 2012
Jeff Jacoby: The peace process battered Israel's reputation
Michael Muskal: 'Pro-choice' position hits record low, according to poll
Chris Farrell: Are We in a Tech Bubble?
The Kosher Gourmet by Penelope Wall: PHILLY CHEESE STEAKS --- hold the steak!
May 23, 2012
Tony Pugh: More private colleges offering tuition discounts
Mary Beth Franklin: How to Choose the Right Annuity for You
Tina Susman: The wig wasn't enough: Man gets 13 years for posing as his dead mom
The Kosher Gourmet by Emma Christensen:A simple way to do fish right
May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy?
Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
Mary Pickett, M.D.: Ask the Harvard Experts: Don't be forced into gluten-free lifestyle based merely on a doctor's false-positive test
The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
Warren Richey: Teacher fired for being unwed and pregnant can sue religious school, court rules
Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
Sue Hubbard, M.D.: The Kid's Doctor: Lactose intolerant young child? Check again
The Kosher Gourmet by Kathy Hunt: Spread a Little Excitement with EXOTIC CONDIMENTS (4 RECIPES)
May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
Jessica L. Anderson: Get the Best Deal on a Used Car
Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
Jeff Bertolucci: Get Home Phone Service for Less Than $10 a Month
The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
March 15, 2011
/ 10 Adar II, 5771
John Kerry's Recycled Government Slush Fund Recipe
By
Michelle Malkin
http://www.JewishWorldReview.com |
Sen. John Kerry, D-Mass., has once again earned his nickname: Thurston B. Howell III. He's elite, effete and so hopelessly out of touch with reality that his latest solution to America's fiscal profligacy is … more fiscal profligacy, of course, Lovey! On Tuesday, Kerry introduced a $10 billion infrastructure bank bill that would engineer yet another federal taxpayer boondoggle benefiting Big Labor and favored Big Business interests.
Kerry finagled support from Texas GOP Sen. Kay Bailey Hutchison, AFL-CIO brass knuckler-in-chief Richard Trumka, statist U.S. Chamber of Commerce head Tom Donohue, and the far-left Center for American Progress. Like spinning straw into gold, the Kerry coalition promises to leverage $10 billion in unidentified funds into $640 billion for crumbling roads and bridges.
This new recipe for expansive government is actually not a "new" idea. It's an old recycled one borrowed from former corruptocrat Democratic Sen. Chris Dodd, who sponsored a bill to create a federally operated "infrastructure bank" in 2007. President Obama tried to get $5 billion in funding for one in his 2010 budget, and $4 billion is proposed for one in his 2011 budget.
Connecticut Democratic Rep. Rosa DeLauro is pushing a House version — and her lavish pipe-dream plans tell you all you need to know about what a disastrous, costly slush fund this thing would inevitably morph into (TARP redux plus stimulus redux plus Fannie Mae/Freddie Mac redux = abysmal failure redux):
"The program, which would make loans much like the World Bank, would finance projects with the potential to transform whole regions, or even the national economy, the way the interstate highway system and the first transcontinental railway once did," The New York Times reported last fall. "In an interview, Ms. DeLauro said she would be 'looking at a broader base,' meaning the bank would finance not just roads and rails, but also telecommunications, water, drainage, green energy and other large-scale works."
Green energy? Bright red flag. Like Stimulus I, which was initially intended to put infrastructure spending first but evolved into a multipurpose slush fund that put infrastructure last, the Kerry-Dodd-DeLauro-Obama "infrastructure bank" envisioned by progressives on Capitol Hill would be plundered to finance "green energy" and "other large-scale works" based on "social benefits" determined by a panel of cronies appointed by the president.
The social justice infrastructure "bank" would be anything but a bank in the normal sense of the word. Ron Utt at the Washington-based Heritage Foundation exposed the farce: "This bank would be capitalized by federal appropriations to leverage a greater volume of debt borrowed under the full faith and credit of the federal government. In turn the bank would use these funds to finance eligible infrastructure projects. While these proposed entities — and similar ones that exist in the states from earlier legislation — are described as 'banks,' they are no such thing."
In other words: The infrastructure banks would borrow more money the government doesn't have to dole out grants that wouldn't be paid back and don't require interest payments. All's well that ends well in the land of make-believe austerity.
Unsurprisingly, Big Labor biggie Andy Stern, former head of the Service Employees International Union and an Obama confidante, is glomming on to the infrastructure bank idea to push a new overseas profit tax on multinational corporations. Brilliant: Impose new double-taxes on American businesses that no other country imposes, reduce competitiveness, induce companies to incorporate outside the U.S., and then put union bosses in charge of redistributing the $30 billion punitive windfall.
Supporters also compare the infrastructure bank plan to the U.S. Export-Import Bank — an idea that, as Washington Examiner reporter Tim Carney rightly notes, "epitomizes corporate welfare. It also is a prime example of unaccountability. The agency is independent of any cabinet department, and it hands out loans and loan guarantees basically at its own discretion. … (I)t's kind of like Fannie Mae was, before its exposure became real and the taxpayers had to come in and bail it out. So, Kerry wants to create Fannie Pave, and the U.S. Chamber of Commerce loves the idea: a bunch of free money that seems to cost nothing."
Who pays? Ordinary taxpayers, nonunion contractors and businesses that don't pander to the Obama White House.
Remember: In his first weeks in office, Obama signed union-friendly executive order 13502, which essentially forces contractors who bid on large-scale public construction projects worth $25 million or more to submit to union representation for their employees. The project labor agreement racket requires contractors to hand over exclusive bargaining control; to pay inflated, above-market wages and benefits; and to fork over dues money and pension funding to corrupt, cash-starved labor organizations.
Higher taxes. Union favoritism. Crony capitalism. Left-wing special interest wish list. We're on the road to another irreparable taxpayer sinkhole. You can bank on that.
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© 2009, Creators Syndicate
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